In an effort to make sure that registrants adequately prepare for supervisory examinations, OCIE published its 2013 examination priorities. There are few surprises in the release, but a slight shift in priorities may signal enforcement cases to come.

Not surprisingly, OCIE will continue to focus on identification theft and fraud. But registrants should expect examiners

We recently peered into our crystal ball to divine the SEC’s 2013 enforcement priorities for advisers to private funds (i.e., hedge funds and private equity funds), but came up empty. Instead, we looked at the SEC’s public statements and prior enforcement actions, which reveal four areas of enforcement risk for private fund advisers. First, the

In yet another interesting twist in the case of the money market fund that broke the buck, the principals of the fund’s investment adviser sued the funds’ independent trustees, claiming that they had a “substantial, if not controlling, role in almost all the conduct with which [the SEC] takes issue.”

The complaint is good reading,